Audit Services

We provide a wide range of audit services where it matters most to you. Our most commonly provided audit services are as follows:

 

Internal Audit

We offer an internal audit service to review compliance with systems and processes and help identify areas for improvement to strengthen your organization. Our internal audit service includes:

Internal Audit
  • Annual risk assessment including interviews with the board and management plus a full review of policies and procedures.
 ☑️
  • Monthly or quarterly internal audits.
 ☑️
  • Independent advice regarding risk mitigation, cost savings, compliance, and goal achievement.
 ☑️
  • A written internal audit report with findings (categorized by risk level) and recommendations.
 ☑️
  • Post-report advisory meetings to review findings and recommendations.
 ☑️

 

Project Audit

Our project audits are a type of management audit for specified NGO projects for which we do the following:

Project Audit
  • Review internal controls and segregation of duties as they relate to the project’s financial management.
 ☑️
  • Review cash and bank transactions and trace to supporting documentation and authorizations.
 ☑️
  • Review payroll including employment contracts, timesheets, and payslips.
 ☑️
  • Review the project’s compliance with tax withholding requirements on relevant expenditures.
 ☑️
  • Review relevant donor contracts to determine level of compliance with contract stipulations.
 ☑️
  • Prepare a written report with findings and recommendations.
 ☑️

 

Audit Management Support

If your organization struggles to find the right external auditors or finds it too stressful or time-consuming to deal with the auditors, Quest has the solution with our audit management support package. We utilize our professional expertise to help you prepare for and manage the external audit process, doing the following work on your behalf:

Audit Management Support
  • Solicit and evaluate bids from at least three reputable audit companies, helping you to select the best option.
 ☑️
  • Engage in contract negotiations with the auditor to get the engagement letter in place, including negotiation of cost and timelines to get the best possible result.
 ☑️
  • Act as the primary liaison and point of contact with the auditors for communication including emails and meetings.
 ☑️
  • Review account reconciliations that pertain to the audit.
 ☑️
  •  Prepare the draft annual financial statements and note disclosures.
 ☑️
  •  Hold the auditor accountable to the agreed-upon timeline and ensure that the audits are performed in a reasonable manner.
 ☑️

 

Sub-Contracted External Audit

While Quest does not directly provide external audit services, Quest is available to take on sub-contracted external audit work for international audit companies outside of Afghanistan who cannot travel to Afghanistan for required fieldwork. Quest does not sign audit opinions but is able to perform fieldwork and reliable audit testing, prepare audit working papers, and provide valuable on-the-ground perspective.

For organizations operating in Afghanistan with an HQ office in the United States, Quest provides a unique audit solution through its partnership with Hamilton & Musser, P.C., a U.S.-based audit company. Hamilton & Musser is able to engage with the client’s U.S. HQ office for an external annual audit of the consolidated financial statements, with the Afghanistan fieldwork being subcontracted to Quest.